Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1940.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
49 people listed on the 990; $2.1M paid to officers and key staff.
F Brian Hiestand’s $664K as Chief Investment Officer, 1693 Partners Fund is at the 57th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| F Brian Hiestand | $664,032 | $384,314 | $866,051 | $488,797 | $560,495 |
| Catherine Mountjoy | $427,250 | $315,856 | $511,339 | $343,425 | $375,301 |
| Matthew T Lambert | $332,250 | $257,228 | $219,040 | $254,327 | $433,726 |
| Amy S Sebring | — | — | $92,188 | $88,165 | $326,267 |
| William D Copan JR | — | — | $195,079 | $227,806 | $184,671 |
| Karyn a Tancredi | — | — | $165,199 | $154,140 | $149,061 |
| Bruce G Aird | $150,783 | $129,582 | — | — | — |
| Julie S Leach | $111,885 | $96,681 | $91,834 | $74,492 | $61,889 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Secures and manages private philanthropic gifts to support, strengthen, and expand the educational mission and programs of William & Mary university.
Questions for William & Mary Foundation
Your first name shows with your question. William & Mary Foundation answers here, for everyone.
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The foundation provides support for salaries of professors and other staff and other general support for the college of william & mary.
The foundation provides financial aid for students of the college of william & mary.
The foundation provides support for other related organizations. Additional details can be found in part ix and schedule I.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $20.3M | $15.7M |
| InvestmentsLn 11–13 | $635.4M | $862.4M |
| Land, buildings, equipmentLn 10c | $6.6M | $7.2M |
| Total assetsLn 16 | $868.9M | $1.12B |
| LiabilitiesLn 26 | $28.5M | $35.7M |
| Net assetsLn 32 | $840.4M | $1.09B |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $30.6M | $30.6M | ||
| Other salaries and wagesLn 7 | $2.7M | $823K | $559K | $1.4M |
| Pension plan contributionsLn 8 | $426K | $52K | $227K | $147K |
| Other employee benefitsLn 9 | $368K | $75K | $75K | $217K |
| Payroll taxesLn 10 | $167K | $45K | $38K | $84K |
| Legal feesLn 11b | $700K | $575K | $102K | $23K |
| Accounting feesLn 11c | $168K | $22K | $146K | |
| Lobbying feesLn 11d | $2K | $2K | ||
| Other fees for servicesLn 11g | $1.4M | $292K | $173K | $944K |
| Office expensesLn 13 | $70K | $43K | $24K | $3K |
| Information technologyLn 14 | $656K | $57K | $12K | $587K |
| OccupancyLn 16 | $487K | $250K | $237K | |
| TravelLn 17 | $43K | $41K | $2K | |
| Conferences, conventions and meetingsLn 19 | $646 | $349 | $297 | |
| InterestLn 20 | $343K | $313K | $30K | |
| Depreciation, depletion and amortizationLn 22 | $327K | $325K | $2K | |
| InsuranceLn 23 | $375K | $347K | $21K | $7K |
| Other expenses (24a–d)Ln 24 | $115K | $97K | $12K | $6K |
| All other expensesLn 24e | $10K | $10K | $0 | $160 |
| Total functional expensesLn 25 | $39.0M | $34.0M | $1.4M | $3.6M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $191.2M | $67.1M | $124.1M | $1.4B | 990 PDF |
| FY2024 | $161.6M | $72.6M | $89.0M | $1.3B | 990 PDF |
| FY2023 | $41.1M | $52.6M | −$11.5M | $1.1B | 990 PDF |
| FY2022 | $100.7M | $42.3M | $58.4M | $1.1B | 990 PDF |
| FY2021 Viewing | $79.4M | $39.0M | $40.3M | $1.1B | 990 PDF |
| FY2020 | $88.6M | $49.3M | $39.3M | $840.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $79,373,462 revenue, 12 lines filed
Part VI · Governance 35 of 35 board members independent, 1 to look at
Part VIII · Statement of revenue $79,373,462 across 8 lines filed
Part IX · Statement of functional expenses $39,031,296 across 19 lines filed
Part X · Balance sheet $1,122,551,962 assets, 19 lines filed
Part XI · Reconciliation of net assets $1,086,827,353 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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